Expertise: Finance, Risk Management
Stephen Sapp received a Bachelor of Science degree with Distinction (mathematics and chemistry) from Mount Allison University, a Masters degree (applied statistics) from the University of Toronto and completed his Ph.D. (finance) at the Kellogg School of Management, Northwestern University. Before deciding to pursue his doctoral studies, he worked as a consultant at both the German Cancer Research Centre and the Centre for European Economic Research. Before coming to Ivey, Professor Sapp was an adjunct lecturer in Finance at Kellogg where he taught Investments.
Professor Sapp's research interests are concentrated in international finance. In particular, he is interested in how the globalization of financial markets has influenced the observed behaviour and interactions between investors and firms operating in diverse financial markets. In particular, Professor Sapp has examined how changing economic conditions influence financial decisions in global equity markets and the foreign exchange market. His research considers the effects at the level of both the individual trader as well as the overall market. Extending this work, he is studying how differences in the regulatory and corporate governance structures across countries influence firms' decisions. For example, how different ownership structures and corporate governance systems influence strategic decision-making, especially executive compensation.
Professor Sapp enjoys various outdoor activities such as golf, sailing, tennis, biking and all types of skiing.